If you are looking to refinance your mortgage but believe you will be unable to because your credit may be challenged by late payments, bankruptcy, charges, or unpaid medical bills to name a few, don't worry, there is hope.
There are literally thousands of lenders across the United States and Canada that specialize in all different types of mortgage programs for people who have challenged credit, bankruptcy or other such problems
They are not the typical banks you find down the street from your house who deal with perfect credit only. Nor are they hard money lenders that charge outrageous mortgage rates. They are known as wholesale lenders.
Wholesale lenders work closely with mortgage brokers. Mortgage brokers are the people who work with people looking for mortgages in the way of counseling, educating, and locating a loan for people who find themselves in a unique situation and have trouble finding a loan on their own because their needs may be special.
Keep in mind, wholesale lenders are out there by the thousands, and they are very competitive. So be sure to shop around. Just because you have bad credit, it does not mean that you should be at the mercy of mortgage companies. There are plenty of lenders out there who have programs to lend money to people with bad credit.
The best place to begin your search for a bad credit mortgage refinance would be the internet. Make an attempt to contact no more than four lenders, allow for them to assess your situation, than base your decision on the one that offers you the best deal that meets your needs and budget. Have a look around and do your research for there is always a way to get the mortgage for that dream home
More and more Canadians are choosing to renovate these days.
Home renovations , whether it is just the look of the home or adding an addition will go toward your enjoyment of the home and hopefully to the resale value later on . An upside to renovations is the numerous energy-saving technologies that exists that can be incorporated into the renovation. This can save you money immediately and in the long-run in energy savings. For example, installing new energy savings windows or high efficiency furnace can cut down on energy costs. One great way for homeowners to also save money is to install stucco, or the high-tech version, called Exterior Insulation and Finish System, or EIFS. While most homeowners refer to EIFS as stucco because of their similar look , stucco is not the same thing as EIFS, and vice versa. Stucco is applied wet and dries as a very durable, dense coating. Many historic older homes are stucco and attest to it’s durability, EIFS is composed of three separate layers and while very similar aesthetically similar to stucco, it has many more energy-efficient properties than traditional stucco. So why should a homeowner choose stucco or EIFS for their next home improvement project? Aside from the cosmetic benefits, EIFS is also a great insulation. In contrast, traditional stucco is not as effective for insulation, as it is applied right onto concrete or brick, whereas EIFS can be installed onto those as well as masonry, plywood and gypsum-based sheathings. This versatility in combination with the multiple layers is what makes EIFS so energy-efficient. Most contractors don't do traditional stucco any more, it requires a lot of skill and practice that requires specialization. There are still good quality stucco contractors out there. If you think that your home has adequate insulation, and just want to update the outside of your home, stucco is the less expensive option. Of course, alternatively, long-term savings costs associated with the added energy efficiency of EIFS might be beneficial to some homeowners. Applying stucco is an art that takes years to master, and installing it properly requires extensive knowledge and experience. Choosing the right contractor for the job is a minefield of fly-by-night operations and shoddy sub-contractors, and combined with the many nightmare stories you inevitably hear from friends and family, it is understandable that most homeowners view home renovations with more than a little trepidation. Which is why organizations like StuccoContractors.ca exist. They have a team of personally selected contractors that they have worked with for a minimum of 5 years. These contractors specialize in stucco and EIFS, so homeowners can be assured that the project will not just get handed off to a sub-contractor. These contractors will have the knowledge and experience so the job will be done correctly. This is a Canada-wide service, so no matter where you live in the Great White North, you can be sure that you'll be matched up with the right contractors for the project. Homeowners who are seeking expert stucco or EIFS installment should look for a local stucco contractor who residents trust. And as with any major home improvement project, research into all aspects of the project is absolutely vital before beginning. Not only knowing what you want and what it will cost, but the reputation of the contractors and materials that will be used. One way to be assured of the contractors is to use a service such as StuccoContractors.ca . There are so many options to improve the value of your home; make sure the choice is right for you and your home.